trendline analysis

Keppel Corp – [ Run Just Started Or Late In The Run? ]

Kelwin & Roy Keppel Corp , , , , , , , , ,
10th January, 2021, 8:10 AM

Keppel Corp – [ Run Just Started Or Late In The Run? ]Keppel Corp 10th Jan 2021

Chart Source: : Poemsview 10th Jan 2021

Keppel Corp is part of the STI component stock and it broke out of its long term downtrend line last Wednesday which was a bullish price action for us. We alerted our EXCLUSIVE CLIENTS on this breakout and we’re glad it started to move up the next few days.

From the chart this move could have further legs as it has consolidated for around a month and we can see volume coming in the last few days too. We could use poems CFD to swing this trade to around $5.77 and if market continues its bullish we might see Keppel Corp push to $6 in the coming weeks. With Keppel Corp trying to monetise some of its $17.5 billion of assets over time might be a catalyst for further upside. It has also laid out its 2030 blueprint back in may2020 which could boost its longer term horizon. We prefer to swing this trade using poems CFD which you can learn more over HERE.

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Yours

Humbly

Kelwin&Roy

 

Wilmar – [ Anymore Room For Upside After Such A Strong Run?]

Kelwin & Roy Wilmar , , , , , , , ,
9th January, 2021, 6:42 PM

Wilmar – [ Anymore Room For Upside After Such A Strong Run?]Wilmar 9th Jan 2021

chart source: Poemsview 9th Jan 2021

Wilmar had a nice upside of over 20% since its base was formed around $4.2 in early December. We alerted our EXCLUSIVE CLIENTS back in late Nov when Wilmar started to show some signs of interest. Holding on to this trade saw a saw eventual upside of over 15%. In order to hold on to this trade, one could either pay up fully or consider using some leverage instrument like CFD. This enables the trader to hold on to the trade for a longer time if one feels that the stock has more upside potential.

For now lets take a look at Wilmar’s chart and see if there is more room for upside. Wilmar had been having share buy back around Nov 2020 to even in Jan which could be a reason for the recent spike in price. It has risen about 20% from December and the next potential target might be around $5.20 level.  The risk reward for now isn’t favourable in our view and would prefer for a pullback to the 5, 10ema or the uptrend support line. If we missed this trade we would prefer to wait and not chase or maybe look at another stock rather than trying to buy high and try to sell higher.

Want to learn more about CFD? We made some videos on it so just click HERE to learn more and of course if you have questions feel free to drop us a message.

Also, if you want to get such trade alerts straight to your handphone with such a follow up service,

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See you onboard soon!

Yours

Humbly

Kelwin&Roy

UMS – [ Powerful Breakout Yesterday, Able To Sustain? ]

Kelwin & Roy UMS , , , , , , , , , ,
5th January, 2021, 7:00 AM

UMS – [ Powerful Breakout Yesterday, Able To Sustain? ]UMS 5th Jan 2021

Chart Source: Poemsview 5th Jan 2021

UMS a stock that we alerted our EXCLUSIVE CLIENTS back in Nov came into motion and even hit both targets in a day!

Electronics stocks like AEM, frencken all saw some movement yesterday with UMS having the biggest gain in terms of percentage. Looking at the chart, it broke out of its $1.09 horizontal resistance and power through to close at the day high of $1.15. The volume that came in yesterday is one of the biggest for the last three months something that we should take note of. With such an increase in volume we might see the uptrend resume moving towards the previous high of $1.19 and maybe even $1.25.  UMS has also been consolidating for the last 4 months so we’re hoping for more upside for this counter.

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Yours

Humbly

Kelwin&Roy

IFast – [ Covering Gap? Were You Fast Enough? ]

Kelwin & Roy IFast , , , , , , , , ,
4th January, 2021, 10:10 PM

IFast – [ Covering Gap? Were You Fast Enough? ]IFast 4th Jan 2021

Chart Source: Poemsview 4th Jan 2021

What a good start to the year as IFast which we were eyeing in Dec after the brutal sell down made a nice move up today. You can read more about our thoughts on IFast over HERE.  We have not given up on this counter even though it didn’t win the digital banking license as that was just one upside component for this counter.  It had consolidated for the last three weeks or so and finally today when it crossed the 20ema that was when we alerted our EXCLUSIVE CLIENTS.

After crossing  the 20ema of around $3.10 it didn’t look back and charged forward towards our targets. A nice upside of over 4.5% was seen intraday hitting our initial target of $3.21. From the technical perspective, our next potential target is $3.33. Also if you have read our previous post on IFast there was some potential entry point back when it was trading at $2.90 for a longer term view.

Want to cut through the noise and get such trade alerts straight to your handphone?

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See you onboard soon!

Yours

Humbly

Kelwin&Roy

Frencken – [ Move Up Came As Mentioned Last Week, Next Target?]

Kelwin & Roy Frencken , , , , , , , ,
2nd December, 2020, 7:02 AM

Frencken – [ Move Up Came As Mentioned Last Week, Next Target?]Frencken 2nd Dec 2020

Chart source: Poemsview 2nd Dec 2020

Frencken has been moving up steadily and being supported by the 5ema whenever it pulls back. We mentioned last week that volume started coming in and we might see Frencken move higher, true enough this came true. It has climbed up to our $1.18 target up over 12% in just over 2 weeks and taking some profits is always good.

So where are we targeting next? With some volume coming in today we might see it move higher to challenge the $1.24 close and then the previous high at $1.26. Our first support would be the 5ema then the uptrend line.

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Yours

Humbly

Kelwin&Roy

DBS – [ Momentum Slowing Down? Time To Take Some Profits? ]

Kelwin & Roy dbs , , , , , , , , ,
26th November, 2020, 7:00 AM

DBS – [ Momentum Slowing Down? Time To Take Some Profits? ]

Chart Source: Poemsview 26th Nov 2020

DBS named the best bank in the world in 2018 was a stock that has been on our watchlist for a long time!

Back in late Sept when we posted on DBS it was just trading slightly below $20. We continued to update our clients in mid  OCT (see above for a snap shot)  and an update again in late Oct. Since then, DBS has rocketed over 25% and we hope you managed to catch a ride on this rocket!

So the question is, is it time to take profits? Well, the answer really lies on your objective for entering. If this trade has met your objective price target, then it’s wise to sell or at least take some profits.

If your objective was to invest in the banks for dividends for the long haul, then selling now and putting your funds back in the bank might not be the best thing. Banks interest rates as we all know are rock bottom *psst* its 0.05% the last we checked. Just check out the rates HERE! So leaving it in the stock might be a wiser thing to do unless you have somewhere else you want to deploy your funds too. At current price, DBS yield is around 4% still decent as compared to leaving it in the bank.

So now lets take a look at the chart to get some sense of direction. From the technical perspective, DBS saw an increase in volume today but the candle didn’t show a full body one and it actually closed slightly below its opening price. Short term wise, we feel DBS might be over extended and a pullback to the 5ema first would be healthy and a pullback to 10ema would be even better! We have drawn the support and resistance for reference too. Common indicators are also showing signs of overbought region. We would prefer a pullback before an entry!

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See you onboard soon!

Yours

Humbly

Kelwin&Roy

Frencken – [ Possible For Further Move Up? ]

Kelwin & Roy Frencken , , , , , , , ,
25th November, 2020, 7:31 AM

Frencken – [ Possible For Further Move Up? ]Frencken 25th Nov 2020

Chart Source: Poemsview 25th Nov 2020

Frencken started its engine late evening yesterday when volume started piling in. We saw some positive price action in Frencken a week back and alerted our EXCLUSIVE CLIENTS then.

We can see from the chart that volume has increased and how it managed to stay above the $1.09 resistance too. The uptrend line is currently supporting Frencken too. These are positive signs for us and if this continues we might see it eventually move up to $1.19.

Other electronics stocks are starting to move too, with Hi-p taking the lead this round.

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See you onboard soon!

Yours

Humbly

Kelwin&Roy

Keppel Corp – [ Up 10% Since Alert, Next Stop?]

Kelwin & Roy Keppel Corp , , , , , , , , , , ,
23rd November, 2020, 7:17 AM

Keppel Corp – [ Up 10% Since Alert, Next Stop?]

Image source: Keppelcorp.com

Keppel Corp 23rd Nov 2020

Image Source: Poemsview 23rd Nov 2020

Keppel Corp one of Singapore’s stock darling has been on a downtrend for awhile before finding some footing at the double bottom of around $4.08. It was only after it released its recent set of results that actually saw some buying interest. It’s also part of the STI component stock hence we can see why STI has been moving up.

The bullish engulfing candle on 30th Oct came with volume which caught our attention but as there was a downtrend line and the 50ema nearby we waited for confirmation. So as Keppel Corp gathered strength we alerted our clients on 5th Nov of this trade analysis. Letting them in on how we analyze our stocks as seen from above. We’re glad it hit our second target of $5.10 up 10% since our alert. So what’s next for Keppel Corp?

As usual, let’s take a look at the chart to see it from a technical perspective. As Keppel Corp has risen a fair bit from the bottom, a break or pullback would be healthy in order for it to continue its upwards move. A pullback to the 5ema of around $4.80 might be an opportunity to scale in if you missed the first round. An eventual target we might see could be the longer term downtrend line of around $5.40+.

Continue  to keep watch!

Want to cut through the noise and get such trade alerts straight to your handphone?

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See you onboard soon!

Yours

Humbly

Kelwin&Roy

SATS – [ Time To Take A Breather? ]

Kelwin & Roy SATS , , , , , , , , ,
20th November, 2020, 7:10 AM

SATS – [ Time To Take A Breather? ]

Image source: Sats.com

Sats 20th Nov 2020

Chart Source: Poemsview 20th Nov 2020

With news of a potential vaccine coming out, transport, airline, hospitality all saw a nice recovery. Sats is one of them that benefited from this news. As Sats is part of the STI component stock, it has also pushed the STI up for the last few days.

Way back in Aug Sats was already mentioned here in our Blog and in late Oct we updated once more when  Sats was trading around $3.14. A month later and it’s now trading at $4.14 a very nice upside of over 30% since oct.  Now with all the optimism in the air and with prices running up quite a bit, the question is is it time to rest?

To answer that, let’s take a look at the charts. Firstly, we noticed that as the price increases, the volume actually starts decreasing, not the most positive sign for a strong uptrend. Also common indicators would show it being in the overbought region too. Lastly, it had an eight day move up ever since the gap up so some rest or pullback is not much to ask for. Current resistance is around $4.18 – $4.20 and some pullback to $4 which is around the 5ema or slightly lower would be healthy for SATS.

Keep a lookout!

Yours

Humbly

Kelwin&Roy

HPH Trust – [ Riding The Wave Up, Where’s The Next Resistance? ]

Kelwin & Roy HPH Trust , , , , , , , ,
18th November, 2020, 1:47 PM

HPH Trust – [ Riding The Wave Up, Where’s The Next Resistance? ]HPH Trust 18th Nov 2020

Chart Source: Poemsview 18th Nov 2020

HPH Trust up 12% so far, saw a gap up this morning and never looked back ever since! It would honestly be mentally tougher to try to get in there when there was better opportunity the week before.

From our post just last week, we saw HPH Trust trading at $0.154 breaking its horizontal resistance with an increased in volume and that was what caught our attention. We can see that the 5ema supported the stock and volume was very low during each profit taking which presented another good chance for entry.

From a technical point of view, HPH trust has hit two of our targets, $0.160 and $0.167 and $0.172 is the previous high resistance. Breaking that might see it test the 0.177 resistance which you’ll need to zoom out of the charts to see. HPH Trust had some coverager over here. And as mentioned from our previous post, with biden winning the US election , a less aggressive foreign policy could see some relief in the shipping sector.

We hope you managed to learn something from our sharing! Have a good trading day ahead!

Yours

Humbly

Kelwin&Roy